This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
$1,800,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/38
Property Description
This solidly constructed, three-level commercial building offers a versatile open floor plan suitable for a variety of uses. The building is approximately 30,000 Sq Ft. It features two convenient entrances to the main floor-one with direct access from Harrison Avenue and the other is the alley way from Grace Avenue-providing flexibility for both customer and operational flow. There is also an additional front entrance on Harrison Avenue that goes to the stairway to go to the top floor, this would be great for multi business use. Public parking is readily available along Harrison Avenue, with additional public parking spaces located at the rear of the building, as well as a public parking lot at the end of Harrison Avenue and Old Business 98. The property is also equipped with a freight elevator. The Street Scape construction in front of the building is projected to be completed by the beginning of November 2025. This building is full of potential, schedule your showing today to own a building in Downtown Panama City.
Full Property Details
Full Property Details for 551 Harrison Ave
General
- Price: $1,800,000
- Status: Active
- Type: Retail
- Source: Bay_County
- MLS ID: 776396
- Updated: 1/31/2026
- Added to Site: 4 day(s) ago
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: From the intersection of Harrison Avenue and 6th Street go South on Harrison Avenue. The property will be on your right.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454.4
- Lot Size: .24
- Frontage: City Street
- Zoning: Commercial, City
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: GCD PLAT LOTS 12, 13, 14 BLK 18 MAP 92D1
- Property ID: 19721-000-000
Listed by Overstreet Realty
Get Pre-Approved Today
Schools
Schools serving 551 Harrison Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1.2 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 0.9 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 551 Harrison Ave
Date
Details
Price
Change
Source
7/17/2025
Listed
$1,800,000
152.63%
MLS
12/22/2021
Sold
$712,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 551 Harrison Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,893
-14%
$898,851
3%
2024
$19,542
12%
$871,337
-3%
2023
$17,492
207%
$899,157
172%
2021
$5,695
-60%
$330,842
-57%
2022
$14,329
152%
$772,672
215%
2021
$5,695
22%
$245,224
1%
2019
$4,669
-48%
$243,630
-50%
2018
$8,924
5%
$491,881
—
2017
$8,472
11%
$491,881
18%
2016
$7,662
1%
$417,867
3%
2015
$7,583
1%
$404,016
—
2014
$7,485
-5%
$404,016
-11%
2013
$7,892
—
$454,383
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 551 Harrison Ave
551 Harrison Avenue, Panama City, FL 32401 (MLS# 776396) is a Retail property. 551 Harrison Avenue is currently listed for $1,800,000 and was received on January 31, 2026. Want to learn more about 551 Harrison Avenue? Do you have questions about finding other Retail real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

